August 2007 Statistics for Qualicum Beach/Parksville

By
Real Estate Agent with RE/MAX Anchor Realty

The Vancouver Island Real Estate Board (VIREB) has released the Sales Statistics for August 2007. Their press release indicates a large increase over August 2006 for the entire Board. Each of the 6 zones has shown a marked increase over the previous year ranging from 8%-21%.

NANAIMO, BC - Multiple Listing Service® (MLS®) sales summary data released by the Vancouver Island Real Estate Board (VIREB) for August 2007 shows increases continuing in sales volume and average sale prices.

The average sale price across the VIREB region for August 2007 was $340,380. This is a 17 per cent increase from the $290,173 posted at the end of August 2006. Unit volume increased almost 20 per cent from the end of August 2006.

Source: VIREB Press Release Excerpt

As you can see from the following table, the Qualicum Beach and Parksville area has shown the largest per cent change (21%) over last year and is higher than the Board average (17%). While the average sale price for our area was down slightly from June to July, it has re-bounded significantly in August to over $405,000.

  UNIT SALES AVERAGE SALE PRICE %
Change
*MEDIAN PRICE
 ZONE  Aug
2007
Jul
2007
Aug
2006
Aug
2007
Jul
2007
Aug
2006
Aug
2007
 Campbell River667451
304,191 325,642
257,562
18%
289,800
 Comox Valley118
102 79
332,456
329,693
274,932
20%
312,000
 Cowichan Valley84
109
94
362,567 356,142
303,378
19%
360,000
 Nanaimo152
185
107
346,037
351,662
319,389
8%
335,000
 Parksville/Qualicum78 72 71
405,163364,390
334,688
21%
370,000
 Port Alberni/West Coast
51 50
37
236,495218,251
207,366
14%
226,000
 **BOARD TOTALS572
619
478
340,380332,657290,173
17%
--
Source: Multiple Listing Service® (MLS®) sales data from the Vancouver Island Real Estate Board.
*Median Price: An actual sale at or immediately adjacent to the midpoint in a price group. In the case of an even number of sales, the median is the highest price in the lower half of that price group. If the total number of sales is an odd amount, the midpoint sale is taken to be the median (i.e. 9 sales, sale no. 5 represents the median).
**Please note: The Board Totals figures also include: Zone 7-North Island, Zone 9-Out of Board
 Properties, and Zone 10-Islands figures which are not listed separately in this table.

If you have any questions or would like more information on our area, please do not hesitate to contact me directly.

Jeff Shields
RE/MAX Anchor Realty
1-800-668-3622

Comments (4)

Larry Estabrooks
Independent Real Estate Agent - Moncton, NB
100% representation means NEVER DUAL AGENCY !
Hi Jeff.
It's interesting to see the board numbers broken down by geographic areas.
If you are speaking to Bill Benoit mention my name.
Sep 05, 2007 01:59 PM
Jeff Shields
RE/MAX Anchor Realty - Qualicum Beach, BC
REALTOR Qualicum Beach, BC
Larry: will do and thanks for dropping by.
Sep 06, 2007 10:18 AM
Salt Spring Island real estate agent Scott Simmons
One Percent Realty Vancouver Island - Salt Spring Island, BC
How many 1million plus homes are selling in area? They are not flying off the shelf here now.
Sep 08, 2007 02:56 AM
Jeff Shields
RE/MAX Anchor Realty - Qualicum Beach, BC
REALTOR Qualicum Beach, BC

Scott - thanks for dropping by.
As of Sept 8 we have 53 active listing over $1M with an average asking price of 1,976,033 and 143 days on the market. The highest asking price is currently 8.9 Million. Eight properties have been on the market in excess of 200 days with two almost 2 years.

There have been 14 sales since Jan 1/07 with an average asking price of 1,972,285, average sale price of 1,721,357 and 114 days to sell. Highest sale price is 7.5 Million which was a 45 acre lot.

 

Sep 08, 2007 04:31 AM